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Counter-trend trading

  • #581
  • Oct 26, 2014 2:06pm Oct 26, 2014 2:06pm
Quoting Ullen
{quote} Wouldn't trade it atm {image}
Thanks Ullen for your answer. What about GU is that going down?
  • #582
  • Oct 26, 2014 2:08pm Oct 26, 2014 2:08pm
Quoting 4xPIPAHOLIC
{quote} Thanks Ullen for your answer. What about GU is that going down?
Yes, but you must find right entry
Not about how much you win, but how much you loose
  • #583
  • Oct 27, 2014 12:28pm Oct 27, 2014 12:28pm
NZD/USD about to go crazy.

Look out for 0.7875
Not about how much you win, but how much you loose
  • #584
  • Oct 27, 2014 3:18pm Oct 27, 2014 3:18pm
Hi Ullen

Thx for your enlightening thread.
I had the same lvl for nzdusd.

I also sold gbpusd targetting 1.61... what do you think about that level?

Kyurem
  • #585
  • Oct 27, 2014 3:55pm Oct 27, 2014 3:55pm
Quoting Ullen
NZD/USD about to go crazy. Look out for 0.7875
i have seen you rock the fx world, am amazed at how you make calls ,any hint so i could also step up my game too...maybe a read article anything.am not asking for your system...basically asking what direction s the way to go...thanks.............
  • #586
  • Oct 27, 2014 4:47pm Oct 27, 2014 4:47pm
There are a ton of ways to suceed in the forex business. Just find your edge and calculate your probabilities.


These signals are made with a TP = 10 & SL=50.

With 1 pip spread we need 82% wins to stay at breakeven.

As you can see we have 95,73% winrate in this example.

Good trading!
Attached Image (click to enlarge)
Click to Enlarge Name: Skærmbillede 2014-10-27 kl. 22.46.41.png Size: 134 KB
Not about how much you win, but how much you loose
  • #587
  • Oct 27, 2014 5:21pm Oct 27, 2014 5:21pm
this is what i would call a confusing Screenshot

am i right to suppose you choosing your target levels through higher TF like 4h?

Please Ullen , do not forget to post a picture of your Porsche, if you get it. i hope you´ll get it.
TWEE, revoke my membership.
  • #588
  • Oct 27, 2014 5:26pm Oct 27, 2014 5:26pm
Quoting Bartleby
this is what i would call a confusing Screenshot am i right to suppose you choosing your target levels through higher TF like 4h? Please Ullen , do not forget to post a picture of your Porsche, if you get it. i hope you´ll get it.
This is just an example of ttrading signals long/short with a TP 10 and SL 60. No levels involved. Only long/short signals (arrows)

Just to show how one can do probabilities on signals.
Not about how much you win, but how much you loose
  • #589
  • Oct 27, 2014 5:42pm Oct 27, 2014 5:42pm
Another one with 10TP & 10SL

You can easily filter out bad trades with analysis
Attached Image (click to enlarge)
Click to Enlarge Name: Skærmbillede 2014-10-27 kl. 23.41.36.png Size: 79 KB
Not about how much you win, but how much you loose
  • #590
  • Oct 27, 2014 5:53pm Oct 27, 2014 5:53pm
Quoting Ullen
There are a ton of ways to suceed in the forex business. Just find your edge and calculate your probabilities. These signals are made with a TP = 10 & SL=50. With 1 pip spread we need 82% wins to stay at breakeven. As you can see we have 95,73% winrate in this example. Good trading! {image}
Very cool!

Is the arrow indicator based on TZs or values?

Looking good Ullen!!
Focus, Patience, Determination & Order in chaos
  • #591
  • Oct 27, 2014 6:10pm Oct 27, 2014 6:10pm
Quoting saver0
{quote} Very cool! Is the arrow indicator based on TZs or values? Looking good Ullen!!
Thank you buddy.

They are based on unbalance. Guess you could call it value-trading
Not about how much you win, but how much you loose
  • #592
  • Oct 27, 2014 6:38pm Oct 27, 2014 6:38pm
Quoting Ullen
There are a ton of ways to suceed in the forex business. Just find your edge and calculate your probabilities. These signals are made with a TP = 10 & SL=50. With 1 pip spread we need 82% wins to stay at breakeven. As you can see we have 95,73% winrate in this example. Good trading! {image}
that screen is something......10 pips profit 50 pips stoploss....hmmmm....you must have super edge...........
  • #593
  • Oct 28, 2014 12:33am Oct 28, 2014 12:33am
Quoting Ullen
There are a ton of ways to suceed in the forex business. Just find your edge and calculate your probabilities. These signals are made with a TP = 10 & SL=50. With 1 pip spread we need 82% wins to stay at breakeven. As you can see we have 95,73% winrate in this example. Good trading! {image}
1570 pips profit

Wow
Dilz
  • #594
  • Oct 28, 2014 1:28am Oct 28, 2014 1:28am
10 pip TP and 50 pip SL? A "system " designed for failure. I'll assume your 82% figure is correct. Here's the problem - it's simply not sustainable. Sure, you may have a good day or even a good week, but what about a year of trading, 5 years, 10 years? Sooner or later you'll blow your account with this system.
  • #595
  • Oct 28, 2014 2:02am Oct 28, 2014 2:02am
Quoting gravitist
10 pip TP and 50 pip SL? A "system " designed for failure. I'll assume your 82% figure is correct. Here's the problem - it's simply not sustainable. Sure, you may have a good day or even a good week, but what about a year of trading, 5 years, 10 years? Sooner or later you'll blow your account with this system.
You don't understand it then
Not about how much you win, but how much you loose
  • #596
  • Oct 28, 2014 2:12am Oct 28, 2014 2:12am
Quoting Ullen
There are a ton of ways to suceed in the forex business. Just find your edge and calculate your probabilities. These signals are made with a TP = 10 & SL=50. With 1 pip spread we need 82% wins to stay at breakeven. As you can see we have 95,73% winrate in this example. Good trading! {image}
with 82% you should be loosing.

82*10 -18*50 = -80pips in 100 trades.
or do i miss something?
follow the flow
  • #597
  • Oct 28, 2014 2:15am Oct 28, 2014 2:15am
Quoting Atihun
{quote} with 82% you should be loosing. 82*10 -18*50 = -80pips in 100 trades. or do i miss something?
Please read the post before commenting. I wrote that i had a winrate of 95,73%, and to be in profit i need one higher than 82% which i have.
Not about how much you win, but how much you loose
  • #598
  • Oct 28, 2014 2:20am Oct 28, 2014 2:20am
Quoting Ullen
These signals are made with a TP = 10 & SL=50. With 1 pip spread we need 82% wins to stay at breakeven.
im talking about the statement quoted above. to stay BE you need 83.x% not 82%.
and yes i know you have >84%(95%) so this is profitable.
follow the flow
  • #599
  • Oct 28, 2014 2:26am Oct 28, 2014 2:26am
Quoting Atihun
{quote} im talking about the statement quoted above. to stay BE you need 83.x% not 82%. and yes i know you have >84%(95%) so this is profitable.
Please stop posting about this. I'm here to teach you guys something, not to discuss if my calculation is correct or not. I have other things to do.
Not about how much you win, but how much you loose
  • #600
  • Oct 28, 2014 2:32am Oct 28, 2014 2:32am
Quoting Ullen
{quote} Please stop posting about this. I'm here to teach you guys something, not to discuss if my calculation is correct or not. I have other things to do.
ok..
follow the flow
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